Yes, there are several types of bonds.
- Surety Bonds: These are the type of bonds written by a professional bondsman; they are typically provided at a cost of 10-15% of the total amount of the bond (the maximum rate allowed by law is 15% in Colorado). The balance is secured by a cosignor, collateral, or some combination of both. If someone is simply signing this is known as a “signature bond”.
- Property Bond: The Court may allow the bond to be satisfied by having someone pledge real estate secured by a deed of trust. In this case the County or State would hold a mortgage against the real property pledged and it could be forfeit if the defendant fails to appear. The property must have equity in excess of the amount of the bond and, like a cash bond it may be very difficult to remedy any forfeiture and require the services of an attorney. Property bonds can only be done during certain hours of the day or week depending on the court.
- Personal Recognizance (PR): The Court may release a defendant based on their promise to appear at future court dates. This is typically done for minor offenses and/or with individuals the court deems to be very stable and responsible relative to the pending charges.
- Citation/Cite-Out: This would be analogous to a traffic ticket. The accused is given a ticket and told when to appear in court, or in some cases simply pay a fine by a certain date.
- Pre-Trial Release: This occurs when a Judge orders the defendant to report to and submit to supervision by the County’s Pre-Trial Services. Pre-Trial Services will then require at a minimum that the defendant check in periodically. They may also require random drug and alcohol testing, ankle monitoring, continual alcohol monitoring (SCRAM), or several other forms of supervision. There may be significant costs to the defendant associated with this monitoring. It can be very much like being on probation before you have been convicted.
- Walk-Through Bonds: A walk-through bond is generally a cash/surety/property bond that is done by the defendant voluntarily going in to authorities before they are arrested and having the means to secure their release in place. The defendant may arrange with the bondsman to post the bond and then do so in several different jurisdictions without actually going to jail. The bond will be taken and a court date assigned.